Mortgage Index – January 2011
MORTGAGE MARKET POISED FOR RECOVERY AFTER TOUGH 2010: LATEST FIGURES But trend to Fixed Rate mortgages shows consumer caution Total mortgage sales fell by 10% in 2010 compared to 2009, according to AFG, Australia’s largest mortgage broker, which processes one in ten mortgages in Australia. AFG Mortgage Index shows a total of $27 billion of mortgages was processed in […]
Mortgage Index – December 2010
SURPRISE BOUNCE IN MORTGAGE MARKET AFTER LATEST RATE HIKES: NOVEMBER FIGURES Dramatic rise in Fixed rate loans Australia’s mortgage market proved surprisingly resilient in November, with mortgage sales figures increasing by 12.4% over October according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows the company arranged $2.51 billion in home loans in November compared to $2.23 billion […]
Mortgage Index – November 2010
HORSE ALREADY BOLTED ON RATE FEARS: OCTOBER DATA AFG CALLS FOR CANBERRA LEADERSHIP IN STALLED HOME LOAN MARKET AFG, Australia’s largest mortgage broker, has called for leadership from Canberra to shake the fear out of a stalling mortgage market as the company reported its worst October mortgage sales for four years. AFG arranged $2.2 billion of mortgages in October […]
Mortgage Index – October 2010
NO SPRING BOUNCE IN MORTGAGE SALES: SEPTEMBER DATA AFG CALLS ON RBA TO HOLD RATES AFG, Australia’s largest mortgage broker, has called on the RBA to hold rates steady as mortgage sales data for September, published today, shows the traditional spring increase in mortgage sales failed to materialise this year. Instead of the usual 10% increase in […]
Mortgage Index – September 2010
MORTGAGE MARKET STRENGTHENS DESPITE ELECTION: AUGUST DATA But mining tax fears concern QLD and WA investors Despite the Federal Election, mortgage sales in August were 10.9% higher than in July according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows a number of positive trends impacting on the mortgage market. For the second month in a row, […]
Mortgage Index – August 2010
MORTGAGE SALES DOWN 9.1%: JULY FIGURES But surprise blip in first home buyers in QLD, NSW Sales of new mortgages fell by 9.1% in July compared to June, and 15.1% compared to July 2009 according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index published today shows that mortgage volumes have been in an almost steady […]
Mortgage Index – July 2010
HOME LOAN GEARING HITS ALL TIME LOW AS LENDERS TIGHTEN CREDIT Loan to Value Ratios (LVRs) have hit an all time low as home loan lenders tighten credit restrictions according to AFG, Australia’s largest mortgage broker. LVRs, which express a loan as a proportion of a property value, reached a national low of 61.6% in June […]
Mortgage Index – June 2010
ONLY 15.4% OF NEW MORTGAGES SOLD TO UPGRADERS AS ECONOMIC WORRIES DEEPEN: MAY FIGURES Only 15.4% of all mortgages arranged in May were sold to people upgrading or moving home according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that the largest proportion of mortgages (38.0%) were arranged for refinancing purposes followed by […]
Mortgage Index – May 2010
MORTGAGES: APRIL SALES FALL 15% AS RATES BITE Two tier market as investors surge to 60% of all new mortgages Mortgage sales fell by 15.6% between March and April this year as successive interest rates take hold, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that the $2.7 billion of mortgages arranged […]
Mortgage Index – April 2010
PROPERTY BUYERS REFINANCE IN RECORD NUMBERS AS SECOND TIER LENDERS RECOVER Mortgage refinancing hit a record high of 37.2% of all mortgages arranged in March, with increasing numbers of property owners turning away from the major bank groups to arrange new finance with second tier lenders according to AFG, Australia’s largest mortgage broker. The latest AFG […]